OFSI is at it again . . . Mortgage Rules Change

2018 Stress Test

Toronto realtors frustrated by the soaring housing market

Every time real estate broker Chander Chaddah has to tell one of his clients they didn’t get the house they bid on, “I’m the guy who’s punching my client in the stomach,” he said. “Unless you’re some kind of masochist, who enjoys doing that?” That’s just one of the reasons that Mr. Chaddah of Sutton…
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Stressing over the debt-to-income ratio? Don’t!

The debt-to-income ratio has hit the headlines again.  This time the ratio rose to 167.3 % in the fourth quarter of 2016 compared to 166.8% in the third quarter. That means for every dollar of disposable income, consumers owe $1.67. This increase has been fuelled by mortgages and low-interest rates, which has some policy-makers getting…
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